“The prototype was $12 in parts, so I’ll sell it for $15.” That is your recipe for disaster, and why so many Kickstarter projects fail. The Bill of Materials (BOM) is just a subset of the Cost of ...

Joshua has been playing video games for as long as he can remember. He's currently playing just about any and every new AAA story-based game. In his free time, he enjoys buying, building, painting, ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor ...

Costs of Goods Sold, or COGS, tracks all of the costs associated with the items you sell, which allows you to calculate gross profits accurately. COGS accounts also give the total underlying costs on ...

Figuring the cost of goods sold is simple if you sell dozens of interchangeable items. One non-stick frying pan is much like another, for instance, so you don't need to tie specific costs to a ...

Chipotle Mexican Grill (NYSE: CMG) has its expenses largely clubbed under its cost of goods sold and G&A expenses, which together accounted for about 93.5% of the company’s total expenses in 2018.